
It should be ok, unless you know for a FACT that she hates puppies....
My three dogs, well Dill loves pups. Abby is a mardy old moobag (as befits her advancing years) but although she gets out of the way, and reprimands sharply for any unwanted attention, she is ok, and Rocky is n ot the biggest fan of small bouncing puppies, but again, he tolerates and will reprimand if needed.
Make sure the older dog can get out of the way if she wants to. Dont shout at her for telling the pup off if she needs to (its VERY unlikely that she would hurt the pup), and like someone else said, make sure she gets fussed first. That said, do NOT let her start shoving the pup out of the way for fussing.
Dont let the pup annoy her endlessly, and all should be well.
Em